The board of directors of The Hong Kong Building and Loan Agency Limited announced that Mr. Cheng Lut Tim (Mr. Cheng) has been appointed as an executive director of the Company with effect from 19 December 2020. Mr. Cheng obtained a bachelor's degree in international relations. He is the executive director of China Finance Fund. He was the assistant researcher, vice president of Bank of China Trust Company, vice president of Shenzhen Travel Service Co. Ltd., and a director of Shanghai Yongsheng Co. Ltd.